Topic: Bitcoin price? Who is making it? - page 9. (Read 7395 times)
which makes the price of bitcoin is the bitcoin users themselves. bitcoin increasingly used for financial transactions will raise the value of bitcoin. it is very convenient, widely used bitcoin bitcoin will keep the price high. otherwise if the user is using bitcoin, the smaller is the price of bitcoin on the exchange market.
It is made by supply and demand capacity, if more supply and slow demand = price dump, if more demand and low supply = price goes up
that means all the big exchangers(5-6) should have the same demand because their prices are almost the same which is IMPOSSIBLE !
it's an unregulated market, remember? so, one exchanger may have 100 orders for buy and none for sell and other 1000 for sell and 10 for buy.
This doesn't mean that the big exchanges should have the same demand, no.
If exchange A has 100 buy orders and no sells, and exchange B has 1000 sell orders and no buys, then the rational thing for me to do is buy at exchange B and sell at exchange A. I could even make a decent profit off this, though in practice it wouldn't last - the buyers at exchange A would get wise to my activities and would lower their bids, and the sellers at exchange B would raise their asks.
Exchanges don't operate in isolation, even in an "unregulated" market - they regulate each other, through the actions of arbitrageurs and other traders. Indeed, one of the arguments against regulation is that it tends to hinder these self-regulatory processes.
It is made by supply and demand capacity, if more supply and slow demand = price dump, if more demand and low supply = price goes up
And also whales and chinese miners are manipulating the price of bitcoin in the market,if you see a boom in the price well they made it.
It is made by supply and demand capacity, if more supply and slow demand = price dump, if more demand and low supply = price goes up
that means all the big exchangers(5-6) should have the same demand because their prices are almost the same which is IMPOSSIBLE !
it's an unregulated market, remember? so, one exchanger may have 100 orders for buy and none for sell and other 1000 for sell and 10 for buy.
buyers and seller for small exchange usually regulate themselves on the base of other big exchange, so for example if they see a bigger value in the other exchange, they increase their buy orders and so on
It is made by supply and demand capacity, if more supply and slow demand = price dump, if more demand and low supply = price goes up
that means all the big exchangers(5-6) should have the same demand because their prices are almost the same which is IMPOSSIBLE !
it's an unregulated market, remember? so, one exchanger may have 100 orders for buy and none for sell and other 1000 for sell and 10 for buy.
It is made by supply and demand capacity, if more supply and slow demand = price dump, if more demand and low supply = price goes up
so, there is a cartel of exchangers, right? otherwise, the price cannot be ALMOST the same ( few dollars difference) 
How is it made the Bitcoin price?
How is it possible in a so called decentralized market, where the exchangers are(should be) independent entities, ALL of them to have the same price when they certainly don't have a "the same" order book(same clients, same orders) ? How is that come?
Can someone explain ?
How is it possible in a so called decentralized market, where the exchangers are(should be) independent entities, ALL of them to have the same price when they certainly don't have a "the same" order book(same clients, same orders) ? How is that come?
Can someone explain ?
I think that China changes price of bitcoin for sure, then of course supply and demand, more people wants to buy bitcoin, price rises, people sells it, price falls, and things like halving rises price too
Yeah I do agree china does play a vital role.
Just hope to god that one of those exchanges for china dont end up like being a mt.gox situation though. Thats the last thing we need..
How is it made the Bitcoin price?
How is it possible in a so called decentralized market, where the exchangers are(should be) independent entities, ALL of them to have the same price when they certainly don't have a "the same" order book(same clients, same orders) ? How is that come?
Can someone explain ?
How is it possible in a so called decentralized market, where the exchangers are(should be) independent entities, ALL of them to have the same price when they certainly don't have a "the same" order book(same clients, same orders) ? How is that come?
Can someone explain ?
I think that China changes price of bitcoin for sure, then of course supply and demand, more people wants to buy bitcoin, price rises, people sells it, price falls, and things like halving rises price too
The value of the bitcoin depends on its usage. If it is used by many people, the value will be high. But the price will change a lot.
Mostly, it's because bitcoin users, and their panic, then they'll sell/buy bitcoins for funny prices
We are all making the price, its a combination from sellers and buyers that makes the market price, its like any market price.
The bitcoin is unstable if there will be a big amount sold to another one the price will sure get higher.
The bitcoin is unstable if there will be a big amount sold to another one the price will sure get higher.
bitcoin users, with their selling/buying, or when they panic, also china changes bitcoin price, and bitcoin spreading around world
sometimes bad exchange could give a better price than other...
well when you see a good difference...and this difference is too good....turn around and go away
well when you see a good difference...and this difference is too good....turn around and go away
Everyone is making it thought a constant influx of buying and selling, now the question is who is manipulating it, well, the massive fud campaign by Mike Hearn and his r3 friends are the big responsibles of the price debacle recently. But we will recover, no doubt about this, and stronger than ever we will come back.
Because if one exchange had bitcoin worth 200$ and other had bitcoin worth 500$ then everyone would go to the first one buy bitcoins there and then go to the second one and sell for 500, giving 300$ profit for every bitcoin for free. There is no way that's going to happen, I mean why would someone sell bitcoins for 200$ if he knows there is a place where he can sell for 500$?
How is it made the Bitcoin price?
How is it possible in a so called decentralized market, where the exchangers are(should be) independent entities, ALL of them to have the same price when they certainly don't have a "the same" order book(same clients, same orders) ? How is that come?
Can someone explain ?
How is it possible in a so called decentralized market, where the exchangers are(should be) independent entities, ALL of them to have the same price when they certainly don't have a "the same" order book(same clients, same orders) ? How is that come?
Can someone explain ?
without a "central" committee that decide price and make right and properly decision, only people "set" the right value.
It's like "far west"... you can also sell 1 btc for 10k $ or 1$ by convention I think best price is from preev.com
Correct but each exchanger has completely different orders(big, small), the number of orders are not the same too.
Example:
OKcoin claims to have a volume of 50,718.58 BTC
Bitstamp : 32347 BTC
Even so, their price is ALMOST similar. OKcoin = 369,7 USD and Bitstamp 370 USD
The price should be made by sell and buy orders. Remember, we are taking about "independent" companies and not a cartel. What kind of coincidence is that one exchanger to have the same kind of orders with other exchanger from other part of the world, DAILY?
there is different liquidity in each exchange, different level of tx fees... withdrawal to some country and not to some other... or manage a fiat and not another...
most exchanges are following china and that results in the prices being nearly the same except a few exchanges where the difference can be $5-$10 and some times even more than that. different exchanges have different traders, so the price may be a bit different. that allows us to buy up the cheaper coins there, and sell them at the other exchange where the price is fairly higher. it's called arbitrage trading. i have done it a few times by buying at btc-e and selling on bitstamp.
How is it made the Bitcoin price?
How is it possible in a so called decentralized market, where the exchangers are(should be) independent entities, ALL of them to have the same price when they certainly don't have a "the same" order book(same clients, same orders) ? How is that come?
Can someone explain ?
How is it possible in a so called decentralized market, where the exchangers are(should be) independent entities, ALL of them to have the same price when they certainly don't have a "the same" order book(same clients, same orders) ? How is that come?
Can someone explain ?
without a "central" committee that decide price and make right and properly decision, only people "set" the right value.
It's like "far west"... you can also sell 1 btc for 10k $ or 1$ by convention I think best price is from preev.com
Correct but each exchanger has completely different orders(big, small), the number of orders are not the same too.
Example:
OKcoin claims to have a volume of 50,718.58 BTC
Bitstamp : 32347 BTC
Even so, their price is ALMOST similar. OKcoin = 369,7 USD and Bitstamp 370 USD
The price should be made by sell and buy orders. Remember, we are taking about "independent" companies and not a cartel. What kind of coincidence is that one exchanger to have the same kind of orders with other exchanger from other part of the world, DAILY?
Not all exchanges have same price, so far haven't seen any that have exact prices but they tend to always be close together as they follow the price in real time, perhaps just matter of which one of price charts they follow for base but there are the so call manipulators in which make different in the prices as one would trade it for more or less in value and if it happens to be a large amount then they also tend to manipulate the whole market by affecting Bitcoin price itself.
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